Terex Corporation $TEX Position Lifted by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its Terex stake by 19.1% in the first quarter, holding 173,726 shares worth approximately $10.3 million. Institutional investors collectively own 92.88% of the company.
• Analyst sentiment remains positive, with Terex carrying a consensus “Moderate Buy” rating and an average price target of $78.91, above its reported share price of $67.77.
• Terex exceeded quarterly expectations, reporting adjusted EPS of $1.37 versus the $1.23 consensus and revenue of $2.24 billion, up 50.5% year over year. The company also declared a quarterly dividend of $0.17 per share.

Royal Bank of Canada grew its stake in shares of Terex Corporation (NYSE:TEX - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,726 shares of the industrial products company's stock after acquiring an additional 27,801 shares during the period. Royal Bank of Canada owned about 0.15% of Terex worth $10,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. lifted its position in shares of Terex by 15.0% during the fourth quarter. UMB Bank n.a. now owns 1,451 shares of the industrial products company's stock worth $77,000 after purchasing an additional 189 shares during the last quarter. M&T Bank Corp increased its holdings in Terex by 3.1% in the second quarter. M&T Bank Corp now owns 7,497 shares of the industrial products company's stock valued at $350,000 after buying an additional 225 shares during the last quarter. Drum Hill Capital LLC increased its holdings in Terex by 0.6% in the fourth quarter. Drum Hill Capital LLC now owns 48,067 shares of the industrial products company's stock valued at $2,566,000 after buying an additional 278 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Terex by 4.0% during the first quarter. Kestra Advisory Services LLC now owns 7,369 shares of the industrial products company's stock valued at $436,000 after buying an additional 286 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Terex by 0.5% during the second quarter. California State Teachers Retirement System now owns 61,731 shares of the industrial products company's stock valued at $2,882,000 after buying an additional 287 shares in the last quarter. Institutional investors own 92.88% of the company's stock.

Analyst Upgrades and Downgrades

TEX has been the topic of a number of research analyst reports. Evercore reaffirmed an "outperform" rating and set a $81.00 target price on shares of Terex in a report on Monday, May 11th. Truist Financial upped their price target on Terex from $92.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Zacks Research upgraded Terex from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. DA Davidson initiated coverage on shares of Terex in a report on Wednesday, June 24th. They issued a "strong-buy" rating and a $81.00 price objective for the company. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Terex in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.91.

Terex Stock Up 0.1%

Shares of Terex stock opened at $67.77 on Monday. The business's fifty day moving average price is $66.03 and its two-hundred day moving average price is $63.35. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.82 and a quick ratio of 0.93. The company has a market capitalization of $7.74 billion, a P/E ratio of 34.58, a PEG ratio of 1.04 and a beta of 1.51. Terex Corporation has a 1-year low of $41.70 and a 1-year high of $74.69.

Terex (NYSE:TEX - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.14. The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.14 billion. Terex had a return on equity of 12.24% and a net margin of 2.23%.The company's revenue for the quarter was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 earnings per share. Terex has set its FY 2026 guidance at 4.700-5.100 EPS. As a group, research analysts forecast that Terex Corporation will post 4.96 EPS for the current year.

Terex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 11th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.68 annualized dividend and a yield of 1.0%. Terex's dividend payout ratio is presently 34.69%.

Key Terex News

Here are the key news stories impacting Terex this week:

• Positive Sentiment: KeyCorp raised its earnings forecasts: The firm increased its Q3 2026 EPS estimate to $1.37 from $1.33 and lifted its FY2026 forecast to $4.95 from $4.84, matching the current consensus estimate.
• Positive Sentiment: Higher long-term profit expectations: KeyCorp boosted its FY2027 EPS estimate to $5.80 from $5.33 and its FY2028 estimate to $6.70 from $6.32. The upgrades suggest improving confidence in Terex’s earnings growth beyond the current year.
• Positive Sentiment: Buy rating retained: Barclays continued to rate Terex “Buy,” reinforcing the constructive analyst sentiment surrounding the stock. Barclays Sticks to Their Buy Rating for Terex
• Neutral Sentiment: Additional quarterly estimates issued: KeyCorp projected 2027 EPS of $1.16, $1.52, $1.66 and $1.45 for the first through fourth quarters, respectively, along with 2028 first- and second-quarter EPS of $1.36 and $1.75. These figures provide a more detailed earnings outlook but were not identified as additional forecast increases.
• Neutral Sentiment: Valuation remains a consideration: Terex recently traded at $67.77, above its 50-day and 200-day moving averages and near its 52-week high. With a P/E ratio of approximately 34.6, further gains may depend on the company delivering the analysts’ projected earnings growth.

About Terex

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.

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